Ripple XRP price has been positively volatile in the past two days and the cryptocurrency has gained back the lead to the $0.28 range after dropping down to the $0.278 range earlier today.
XRP price went as high up as to $0.29245 in the past twenty-four hours, however, the bullish run was unable to sustain the position and was back down to the low in the next twelve-hours.
Since then XRP price has been showing a positive bullish divergence that allowed the price chart to show slow recovery back up to the current trading range.
Ripple XRP price movement against Bitcoin (BTC)
After a price gain of eight percent (8%), Ripple’s XRP has been observed struggling to get over the three thousand and five hundred (3550) mark. There is a possibility of a retrace towards the next undetermined support level.
The retrace zone may be placed at the Ichimoku Cloud’s bottom, at three thousand and two hundred (3200).
The retrace may even be placed between the three thousand and four hundred to three thousand and three hundred region, which is the nearest price to Exponential Moving Averages (EMAs), which act as possible support here.